Walt Disney Co Reports Strong Q3 2024 Earnings: Key Highlights and Insights
Wednesday, 7 August 2024, 12:30
Walt Disney Co's Q3 Earnings Overview
Walt Disney Co (NYSE:DIS) has reported a remarkable performance for the fiscal third quarter of 2024.
Key Financial Metrics
- Revenue Growth: 4% year-over-year to $23.16 billion
- Adjusted EPS: $1.39, beating the consensus estimate of $1.20
- Entertainment Segment Revenue: Increased by 4% to $10.58 billion
- Streaming Business: Achieved profitability due to price increases and customer growth
- ESPN Revenue: Grew 5% year over year to $4.56 billion
Conclusion
The latest earnings report highlights Disney’s effective strategy in the streaming market and its ability to drive significant revenue growth across its entertainment segments. The profitability of Disney+ signifies a positive shift in the company's digital revenues, reinforcing its competitive position in the media landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.